Flat 10, 2 - 4 Cadogan Gardens, London, Kensington And Chelsea, Greater London, SW3 2RS

Flat
3%
PROPERTY VALUATION
£
Price change: +£98,000
Since last sold: May 2015
VALUATION RANGE
£2.94M - £3.16M
LOW OFFER | HIGH OFFER
Confidence: High
UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 10, 2 - 4 Cadogan Gardens is a flat - it is ranked as the 15th most expensive property* in SW3 2RS, with a valuation of £3,048,000.

Since it last sold in May 2015 for £2,950,000, its value has increased by £98,000.

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Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £2.94M and £3.16M.

  • The property turned out to be a amazing investment for the previous owner - returning on average 10.4% per annum.

  • 23 flats have sold at an average price of £1,956,043 over the last 12 months (in the area coverring SW3 2).

  • If this property is similar in size to the average property here - utilising the average cost per square foot, we would expect it to have a valuation of £2.95M.
  • This is based on it having an internal floor area of 1,278 square feet.
  • For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.
  • We use survey data provided by RICS qualified surveyors to obtain the property's size. This is calculated in a slightly different way to how an estate agent will measure a property as it only includes habitable space.
  • To calculate the price per square foot, you divide the property's sale price by its total square footage.
Prices start at:
£423k
Average house price:
£2.63M
Most expensive:
£6.92M
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3.3%
This property has increased in price by 3.3% since it last sold 8 years ago
16%
This property is 16% more expensive than average in Cadogan Gardens, SW3 2RS

Sale history

The most paid for a property in Cadogan Gardens, SW3 2RS was £5,250,000 in 2016.

Date Price Change
Today's value* £3,048,000 3.3%
29 May 2015 £2,950,000 478.4%
03 Oct 1997 £510,000 -
Flat 10, 2 - 4 Cadogan Gardens, London is a flat.
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Valuation details

The most likely sale price is £3,048,000 but at the lower end we think it should fetch a minimum of £2,941,000.

This property has increased in price by £98,000 since it last sold in 2015 - this equates to a 0.4% rise each year.

If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £3,978,000.

Note: If the lease has less than 82 years remaining, the property valuation will start to drop rapidly (due to the cost of the lease renewal increasing significantly at this point).

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Investment Performance
Annual change: 10.4%

Was It A Good Investment?

The previous owner had the property for 17 years, having purchased it in October 1997 for £510,000.

During this time, the price rose by £2,440,000 (478.4%), which equates to it increasing in value by 10.4% each year.

The property turned out to be a amazing investment for the previous owner.

The sale on 29 May 2015 was recorded as a non-residential transaction. This can be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.

How does this property compare?

  • Most likely sale price: £3,048,000.
    • Offers likely to be accepted between £2,941,000 and £3,155,000.
  • Leasehold flat.

The local market - SW3 2RS

  • The average property price for this postcode is £2,627,000.
    • Prices here range from £423,000 to £6,923,000.
    • Expect to pay £1,960 to £2,653 per square foot for property in SW3 2RS.
  • 9 properties have sold in SW3 2RS over the last 5 years.
  • Cadogan Gardens has 13 postcodes associated with it.
    • The average price of property in Cadogan Gardens is £2,881,267.
    • Property in Cadogan Gardens typically sells for between £1,756 and £2,376 per square foot.
    • Properties in Cadogan Gardens are currently valued at an average cost per square foot of £2,066.

The property market across SW3 2

  • The average price paid for a flat in the area SW3 2 over the past year is £1.96M.
  • Flats have been selling for £1,854 per square foot across SW3 2.
  • 23 flats have sold over the last 12 months (in the area coverring SW3 2).
What does it cost to live in this area?

Valuation accuracy

If the automated valuation doesn't look right you can create a custom valuation report by finding comparable properties near by to generate a fresh valuation.

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Things to check before buying a new home

Working out a property's valuation can be tricky but we are here to help you get the information you need to know before putting in an offer.

* Excluding properties that we've been unable to calculate a valuation for. ** Excludes property transactions that occurred before 1995.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.

Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.

The latest HM Land registry data covers property transactions up until 31/01/2024 - this was released on the 28/02/2024.